Real Estate
Plan will begin addressing high-level considerations and formulating plans to begin redeploying assets in private markets investments after halting new commitments since 2016.
The plan will seek a core fixed-income manager next year and recently terminated a REIT manager to fund a new private real estate mandate.
Plan added a direct real estate investment and a REIT investment to fill out a new 5% allocation to the asset class.
He will spearhead portfolio management for Pretium’s single-family rental fund strategy.
The fund will focus on acquiring studio and media assets.
The fund acquires and improves institutional quality assets in historically attractive sectors such as multifamily and industrial.
The plan terminated a $475 million emerging markets value equity mandate in May and approved private markets commitments totaling $170 million in June.
The plan is seeking international developed markets large-cap value managers due to the upcoming contract expirations of its incumbents.
The plan terminated a $1.4 billion domestic large-cap value equity mandate and made commitments with four existing managers and one new manager in August.
The plan is seeking a consultant for real estate and other real assets.